Amlak redeems further AED100 million of Mudaraba Instrument
Amlak Finance PJSC, a leading specialised real estate financier in the Middle East,
Dubai - Wam
Amlak Finance PJSC, a leading specialised real estate financier in the Middle East, Monday announced that it has redeemed an additional AED100 million of the Mudaraba Instrument in November 2017, reaching AED309 million in total. This represents 21 percent of the Mudaraba Instrument.
Amlak’s restructuring proposal allowed financiers to swap AED1.3 billion of their original facilities to a convertible Mudaraba instrument. The instrument is fully convertible into company shares, if not redeemed, by the end of the 12th year of the restructuring period from monetisation of Amlak’s real estate assets value growth.
Commenting on the achievements, Arif Alharmi, Managing Director and CEO of Amlak, said "We are pleased that, despite certain headwinds, we have successfully paid 21 percent of the Mudaraba Instrument. Going forward, we seek to remain committed and on track in our commitments to financiers."
Source: Wam
GMT 12:10 2017 Wednesday ,06 December
Sahalah FM Brings 360 Building Services to The KingdomGMT 12:59 2017 Monday ,27 November
Awqaf donates AED400,000 to Mohammed bin Rashid Housing EstablishmentGMT 22:28 2017 Sunday ,26 November
Fears of oversupply in Dubai are exaggeratedGMT 20:58 2017 Sunday ,26 November
Why invest in Reits vs direct property ownershipGMT 20:50 2017 Sunday ,26 November
Occupancy rises in ENBD Reit portfolio
- Monday ,27 November GMT 12:59 2017 Awqaf donates AED400,000 to Mohammed bin Rashid Housing Establishment
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 10:16 2016 Wednesday ,23 March
cartoon five
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 12:54 2017 Friday ,15 September
Spain tightens control of Catalonia spending
GMT 23:39 2017 Friday ,30 June
Arab states considering fresh sanctions on Qatar
GMT 06:23 2017 Monday ,17 July
Giroud will stay with Arsenal, says Wenger
GMT 07:49 2017 Wednesday ,10 May
Qatari Emir discusses relations with Bahraini Prince
GMT 08:05 2016 Thursday ,31 March
Hungarian Nobel Literature Prize winner Imre Kertesz dies
GMT 07:04 2017 Monday ,17 July
Walker all set to become most expensive defender
GMT 00:41 2017 Friday ,16 June
Nearly a third of world overweight
GMT 13:00 2016 Tuesday ,15 November
Only four safe in shattered Australia
GMT 00:02 2017 Wednesday ,24 May
UAE, India startups jointly explore new ventures
GMT 12:09 2017 Saturday ,29 July
UN Security Council welcomed the steps taken for libya
GMT 15:30 2017 Thursday ,10 August
Nicola Moulton joins SEEN Group
GMT 09:57 2017 Thursday ,23 March
Josleidy Ramirez, a FARC guerrilla
GMT 11:44 2017 Saturday ,09 September
'Runway To Runway' Fashion Film At New York Fashion Week
GMT 03:52 2017 Thursday ,03 August
Ajman CP inaugurates 4th Ajman Liwa Date Festival
GMT 19:10 2016 Wednesday ,21 September
Unpaid Alkhobar hospital staff strike
GMT 07:53 2017 Thursday ,31 August
ERC continues 'Zayed's Legacy to Support Yemeni People
GMT 01:54 2017 Tuesday ,24 October
RAK Ruler issues Human Resources Law,
GMT 10:34 2017 Wednesday ,27 September
Brazil oil field auction to test government's ambitions
GMT 08:11 2017 Saturday ,04 November
Iraqi troops storm Qaim district and killed dozens of militants
GMT 20:41 2017 Tuesday ,16 May
Actress Nadeen Najm bets on “Haiba”
GMT 09:45 2017 Monday ,04 December
Saudi Arabian special forces in counter terrorism training
GMT 11:56 2018 Sunday ,07 January
Monfils predicts 'tough' Australian Open
GMT 08:56 2018 Sunday ,07 January
Bayern's Heynckes rules out Vidal Chelsea move
GMT 06:33 2018 Saturday ,06 January
UAE weather: Temperatures to drop Sunday, Monday
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor